Marten Transport MRTN is set to give its latest quarterly earnings report on Thursday, 2024-10-17. Here's what investors need to know before the announcement.
Analysts estimate that Marten Transport will report an earnings per share (EPS) of $0.08.
Marten Transport bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Earnings Track Record
During the last quarter, the company reported an EPS missed by $0.01, leading to a 1.12% increase in the share price on the subsequent day.
Here's a look at Marten Transport's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.11 | 0.12 | 0.18 | 0.18 |
| EPS Actual | 0.10 | 0.12 | 0.15 | 0.17 |
| Price Change % | 1.0% | 4.0% | -5.0% | -6.0% |
Marten Transport Share Price Analysis
Shares of Marten Transport were trading at $16.73 as of October 15. Over the last 52-week period, shares are down 5.09%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
To track all earnings releases for Marten Transport visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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